Shares of Endava PLC Sponsored ADR (NYSE:DAVA - Get Free Report) have been assigned an average recommendation of "Reduce" from the eight brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $5.50.
Several research firms have issued reports on DAVA. JPMorgan Chase & Co. lowered Endava from a "neutral" rating to an "underweight" rating and dropped their price objective for the stock from $9.00 to $5.00 in a research note on Friday, May 22nd. Morgan Stanley reduced their target price on shares of Endava from $8.00 to $4.00 and set an "equal weight" rating on the stock in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft set a $3.00 price target on shares of Endava in a research report on Friday, July 10th. TD Cowen decreased their price objective on shares of Endava from $4.00 to $3.50 and set a "hold" rating on the stock in a research note on Thursday, July 9th. Finally, CLSA set a $5.00 price objective on shares of Endava in a report on Friday, May 22nd.
Get Our Latest Stock Report on DAVA
Institutional Investors Weigh In On Endava
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC acquired a new position in Endava in the third quarter worth $28,000. EverSource Wealth Advisors LLC increased its stake in shares of Endava by 733.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company's stock valued at $29,000 after buying an additional 1,680 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Endava by 901.8% in the fourth quarter. Quadrant Capital Group LLC now owns 6,101 shares of the company's stock valued at $39,000 after buying an additional 5,492 shares during the last quarter. Vident Advisory LLC bought a new position in shares of Endava in the fourth quarter valued at about $68,000. Finally, Fox Run Management L.L.C. acquired a new position in Endava during the 4th quarter worth about $73,000. 62.23% of the stock is owned by institutional investors and hedge funds.
Endava Stock Down 2.2%
NYSE DAVA opened at $2.90 on Friday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.13. The stock's 50 day moving average is $2.87 and its two-hundred day moving average is $4.11. The company has a market capitalization of $163.29 million, a price-to-earnings ratio of -0.28 and a beta of 1.02. Endava has a 1-year low of $2.55 and a 1-year high of $14.99.
Endava (NYSE:DAVA - Get Free Report) last issued its earnings results on Thursday, May 21st. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.20). The company had revenue of $236.44 million during the quarter, compared to analyst estimates of $242.79 million. Endava had a positive return on equity of 2.48% and a negative net margin of 57.01%.Endava has set its Q4 2026 guidance at 0.120-0.180 EPS and its FY 2026 guidance at 0.610-0.660 EPS. Equities analysts forecast that Endava will post 0.15 earnings per share for the current fiscal year.
Endava Company Profile
(
Get Free Report)
Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.
Founded in 2000, Endava has grown from a small software provider into a global IT partner.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Endava, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Endava wasn't on the list.
While Endava currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The space race is growing fast, and you don’t have to have gotten in early on SpaceX to profit. This report shows seven space stocks you can buy today that may grow as rockets, satellites, defense, space internet, and new space technology become more important.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
